# InscribeAI

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/inscribeai

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.inscribe.ai
- Total disclosed funding: $39M
- Latest round: Series B (Jan 25, 2023)
- Investors on record: 10

## About

Founded in 2017 by CTO Conor Burke, CEO Ronan Burke, Oisin Moran, and James Eggers, and based in California, US, InscribeAI, Inc., offers solutions to enable businesses to trust the data obtained from the customers with minimal effort and better accuracy. The company is backed by investments from Crosslink Capital, Uncork Capital, Combinator, and SVAngel among others. The company’s clients involve top lenders, banks, and payment processors, as well as numerous Fortune 500 companies. As of 2021, the company staffs over 20 employees. In April 2021, the company surpassed USD 40 million of fraud detected per month.

InscribeAI, Inc. raised a Seed funding of USD 3.2 million in 2020, and USD 10.5 million in 2021 in a Series A funding co-led by new investor Foundry Group and returning investors Crosslink Capital and Uncork Capital, with participation from other investors.

The company’s API-enabled solutions enable businesses to detect fraudulent documents thereby reducing fraudulent applications, processing times, and maintain scalability. Additionally, InscribeAI provides File Forensics, Metadata Analysis, and Blacklists by catching repeat offenders and tracking key details. The company answers important questions such as is the information correct? Or is the document valid? The company uses a combination of natural language processing and computer vision to scan documents and detect potential fraud.   

InscribeAI’s revenue model is such that the company charges on a per-document basis. As of 2021, the company has grown 12 times YoY. 

InscribeAI, Inc. plans on utilizing the Series A funding to fuel its product development by growing its engineering team in Dublin, Ireland, and go-to-market activities in San Francisco, US. The company plans to quadruple its revenue, triple its headcount, and further expand its product by 2021. InscribeAI also plans to create 30 engineering jobs in Dublin by 2023.

InscribeAI, Inc. raised a series B funding of USD 25 million in February 2023 led by Threshold Ventures, with participation from Crosslink Capital, Forum Ventures, Foundry Group, and Uncork Capital.

## Funding rounds

- Series B, Jan 25, 2023, $25M — Crosslink Capital, Foundry Group, Uncork Capital, Forum Ventures, Threshold Ventures
- Series A, Apr 26, 2021, $11M — Crosslink Capital, Foundry Group, Uncork Capital, Y Combinator
- Seed, Dec 12, 2018, $3M — Crosslink Capital, SV Angel, Uncork Capital, Liquid 2 Ventures, Friále, Quiet Capital
- Seed, Aug 20, 2018, $0.1M — Y Combinator

## Investors

- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed, Series A
- Crosslink Capital (https://capitalatlas.ai/funds/crosslink-capital) — Seed, Series A, Series B
- SV Angel (https://capitalatlas.ai/funds/sv-angel) — Seed
- Uncork Capital (https://capitalatlas.ai/funds/uncork-capital) — Seed, Series A, Series B
- Liquid 2 Ventures (https://capitalatlas.ai/funds/liquid-2-ventures) — Seed
- Friále (https://capitalatlas.ai/funds/friale) — Seed
- Quiet Capital (https://capitalatlas.ai/funds/quiet-capital) — Seed
- Foundry Group (https://capitalatlas.ai/funds/foundry-group) — Series A, Series B
- Forum Ventures (https://capitalatlas.ai/funds/forum-ventures) — Series B
- Threshold Ventures (https://capitalatlas.ai/funds/threshold-ventures) — Series B